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On the other side of this argument, from what I've seen on AirBNB, a significant percentage of owners have dramatically overpriced their accommodations. Conseq
by downandout 12y ago
On the other side of this argument, from what I've seen on AirBNB, a significant percentage of owners have dramatically overpriced their accommodations. Consequently, widespread adoption of a yield management system like this would lower the prices of many places on many days (while increasing the occupancy rate).
- tomkarlo 12y agoHow are you determining that they're "overpricing" their accommodations? For a lot of property owners, the reserve price may be driven by considerations like (perceived) risk to their personal property and the hassle of managing bookings rather than the price at which they'll maximize revenue.
- ianmchenry 12y agoYou're absolutely right. We see this all the time, partly because owners don't know what a reasonable occupancy rate is and how they compare to other listings, partly because people have an attachment to their place and overvalue it, and partly because they are only willing to deal with the work of welcoming a guest for a certain price.